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NBS: China industrial firms’ H1 gross profits up 67%

ABSTRACT

For the first half of 2021, China’s sizable industrial firms saw their gross profits surge by 66.9% on year or 45.5% higher than the corresponding period of 2019, according to the latest release by the country’s National Bureau of Statistics (NBS) on July 27, reflecting the strong recovery in demand and their overall performance, and bulk commodities sectors did post higher gains.
In H1, these industrial firms’gross profits totalled Yuan 4.22 trillion ($651 billion), while for June alone, the growth in the sector slowed down further, up 20% on year to Yuan 791.8 billion against the 36.4% on-year gain for May, according to the NBS. “In H1, industrial enterprises saw their profits recover

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